| The KUIK Morning Market Report for Thursday, September 17: | |||||||
| Markets are flat, waiting on the Fed. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Down | (10) | points | 16,729 | 6:59 AM | ||
| S&P500 | Down | -0.1% | percent | 1,994 | (1.13) | ||
| Nasdaq Composite | Down | 0.0% | percent | 4,889 | (0.67) | ||
| 30 Year Treasury | Down | (2) | Basis Points | 3.07 | Annual Yield | ||
| The Labor Department reports new claims for unemployment benefits fell by 11,000 to 264,000 in the week ended September 12. This is the lowest number of claims since mid-July. Economists expected them to remain steady at 275,000. Continuing claims fell by 26,000 to 2.24 million in the week ended September 5. | |||||||
| The Federal Open Market Committee winds up its two day policy meeting tdaoy. Fed Chairman Janet Yellen is expected to hold a press conference following the Fed’s release at 11 am Pacific time. | |||||||
| Construction of new homes slowed down over the past two months, Housing starts fell 3% to an annual rate of 1.13 million units in August, according to the Census Bureau. Economists expected 1.16 million. Buts August’s starts pace was up 16.6% from a year earlier, thanks to growth for both single-family homes and apartments. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-revisit-midsummer-lows-2015-09-17 | |||||||
| http://www.marketwatch.com/story/jobless-claims-revisit-midsummer-lows-2015-09-17 | |||||||
| http://www.marketwatch.com/story/housing-starts-cool-off-in-august-and-july-after-earlier-surge-2015-09-17 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||